Erste Asset Management GmbH Has $27.51 Million Holdings in Heico Corporation $HEI

Erste Asset Management GmbH raised its holdings in Heico Corporation (NYSE:HEI) by 44.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 85,000 shares of the aerospace company’s stock after buying an additional 26,000 shares during the quarter. Erste Asset Management GmbH owned 0.06% of Heico worth $27,505,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Pekin Hardy Strauss Inc. raised its position in shares of Heico by 4.4% during the third quarter. Pekin Hardy Strauss Inc. now owns 887 shares of the aerospace company’s stock worth $286,000 after purchasing an additional 37 shares during the period. Leonard Rickey Investment Advisors P.L.L.C. raised its position in shares of Heico by 4.0% during the fourth quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 1,047 shares of the aerospace company’s stock worth $339,000 after purchasing an additional 40 shares during the period. Mutual Advisors LLC raised its position in shares of Heico by 3.8% during the fourth quarter. Mutual Advisors LLC now owns 1,181 shares of the aerospace company’s stock worth $382,000 after purchasing an additional 43 shares during the period. MBL Wealth LLC raised its position in shares of Heico by 2.5% during the fourth quarter. MBL Wealth LLC now owns 1,817 shares of the aerospace company’s stock worth $588,000 after purchasing an additional 45 shares during the period. Finally, Cookson Peirce & Co. Inc. raised its position in shares of Heico by 1.8% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 2,684 shares of the aerospace company’s stock worth $869,000 after purchasing an additional 48 shares during the period. 27.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HEI has been the topic of a number of research reports. Wall Street Zen raised Heico from a “hold” rating to a “buy” rating in a research report on Saturday. Wells Fargo & Company set a $350.00 target price on Heico and gave the stock an “equal weight” rating in a research report on Monday, June 1st. Truist Financial raised Heico to a “strong-buy” rating in a research report on Friday, May 1st. UBS Group reaffirmed a “neutral” rating and set a $390.00 target price (up from $371.00) on shares of Heico in a research report on Monday, June 1st. Finally, Rothschild & Co Redburn set a $360.00 price target on Heico and gave the company a “buy” rating in a research report on Wednesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $371.63.

Heico Trading Up 0.0%

NYSE HEI opened at $331.57 on Monday. The firm has a market capitalization of $46.31 billion, a P/E ratio of 59.21, a PEG ratio of 3.56 and a beta of 1.03. The business has a fifty day simple moving average of $291.99 and a 200 day simple moving average of $311.91. Heico Corporation has a 12 month low of $256.11 and a 12 month high of $361.69. The company has a current ratio of 2.92, a quick ratio of 1.36 and a debt-to-equity ratio of 0.53.

Heico (NYSE:HEI) last announced its quarterly earnings data on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.33. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.25 billion. Heico had a return on equity of 17.52% and a net margin of 16.08%.The business’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.12 EPS. On average, analysts predict that Heico Corporation will post 5.74 EPS for the current fiscal year.

Insider Transactions at Heico

In other Heico news, Director Julie Neitzel sold 676 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $223.00, for a total value of $150,748.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.86% of the stock is owned by company insiders.

Heico Company Profile

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.